Regulators around the globe are toughening up insurance requirements for companies doing business outside their domiciled countries, and the companies worldwide are demonstrating a greater willingness to focus on regulatory compliance.
Insurance industry experts said much of this focus stems from a natural trend that has been evolving for years and does not necessarily have its origins in the current worldwide recession.
But while increased regulatory scrutiny and requirements may not have originated with the recession, the economic struggles have brought regulation into sharper focus in many countries.
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